Failure to prevent fraud guidance published, what your organisation needs to do now
The UK government has released its long-awaited guidance on the “failure to prevent fraud” offence, introduced under the Economic Crime and Corporate Transparency Act 2023. This new offence, effective from 1 September 2025, holds businesses accountable when individuals associated with their organisation commit fraud to benefit the company, whether directly or indirectly. While a defence […]
New guide for employers on managing HIV in the workplace
In the lead-up to World AIDS Day on December 1, VinciWorks proudly announces the release of the HIV in the workplace guide, a comprehensive resource for employers striving to create inclusive, supportive workplaces for employees living with or affected by HIV. Developed in collaboration with Mark Mills, an HR professional and HIV advocate, this guide draws […]
China’s new AML laws are an upgrade, but could prove a risk
China’s new Anti-Money Laundering (AML) Law has been adopted by the National People’s Congress and will take effect on 1 January. 2025. This represents the first major revision since the law’s initial enactment in 2007 and will strengthen AML measures to address evolving money laundering risks, align with global standards, and adapt to China’s current […]
Australian court rules companies are on the hook for any sanctions violations
Australia’s landmark sanctions judgement: what businesses need to know In response to concerns over Russian sanctions evasion, countries worldwide are intensifying enforcement of trade and financial restrictions. Australia’s recent case, Alumina and Bauxite Company Ltd v Queensland Alumina Ltd [2024], illustrates just how complex these enforcement measures have become, especially regarding indirect benefits that could […]
Auf Abruf: Die KI-Verordnung der Europäischen Union – Was Sie jetzt beachten müssen
VinciWorks berät Sie zur KI-Verordnung der Europäischen Union! Sehen Sie sich unser Webinar an und lernen Sie: • Was die Ziele der KI-Verordnung sind • Wie der Risiko-basierte Ansatz funktioniert • Warum rechtliche Rahmenbedingungen und ethische Standards beim Einsatz von KI unverzichtbar sind • Wie Sie Compliance sicherstellen Thomas Falk, Head of Content für VinciWorks, zeigt […]
Manual data entry error results in a half million dollar sanctions penalty
The US Department of Commerce’s Bureau of Industry and Security (BIS) has imposed a $500,000 civil penalty on GlobalFoundries US Inc. and its subsidiary, GlobalFoundries U.S. 2 LLC, for violating export regulations. Between February 2021 and October 2022, the company made 74 shipments of semiconductor wafers valued at approximately $17.1 million to SJ Semiconductor (SJS), […]
November 2024 updated guide to high risk jurisdictions for money laundering
Following the FATF’s plenary at the end of October 2024, VinciWorks has released its updated guide for all of the high risk jurisdictions for money laundering. This guide includes all of the jurisdictions subject to increased FATF monitoring, alongside countries on the EU’s High Risk Third Countries. This guide includes those jurisdictions which have […]
The SRA thematic review on AML training best practices: what law firms need to know
The Solicitors Regulation Authority recently conducted a thematic review on Anti-Money Laundering training, revealing crucial insights into where law firms excel in compliance and where they need improvement. VinciWorks were proud to have contributed to this review and shared our insights as a leading provider of compliance solutions to the sector, With significant regulatory and […]
Europäische KI-Köpfe sorgen sich zunehmend um hohe Compliance Kosten
Die steigenden Compliance-Kosten durch das EU-Gesetz zur Künstlichen Intelligenz (AI-Act) stellen Unternehmen in Europa vor große Herausforderungen. Führende Vertreter der Tech-Branche warnen davor, dass kleinere Unternehmen besonders stark betroffen sind und befürchten eine „Überregulierung“. Das Gesetz verlangt von Unternehmen, strenge Sicherheitsstandards für KI-Systeme einzuhalten. Dies betrifft insbesondere die Einhaltung von Transparenzregeln, Risikobewertungen und umfangreichen Berichtsanforderungen. […]
More changes to UK GDPR? What the Data (Use and Access) Bill means for data protection in the UK
The Data Usage and Access Bill [House of Lords], or DUAB, is the latest piece of legislation aimed at updating how data is handled and shared in the UK. At 251 pages, with 138 clauses and 16 schedules, this change to UK GDPR is significant. Many of its data protection changes come in the form […]
